Since the 1980s, banks and financial service institutions have been running in an endless race of innovation to cope with the advancing technology, the fierce competition, and the more sophisticated and demanding customers. In order to guide their innovation efforts, several researches were conducted to identify the success and failure factors of new financial services. These mainly included or...

Banking sector openness may directly increase growth by improving the quality of financial services and increasing funds available, or indirectly by improving the efficiency of financial intermediaries, both of which may reduce the cost of financing, in turn, increase capital accumulation and economic growth. The objective of the paper is to empirically reinvestigate these direct and indirect l...

The banking industry has been a pioneer in adopting electronic markets with exchanges, clearinghouses, and multilateral trading facilities having become the backbone of today’s globally integrated financial transactions. While most banks use the services of these electronic markets to handle interbank processes, they still strive for bilateral relations in the field of customer-facing processes...

The rapid development of digital financial technologies in Ukraine leads to the emergence new risks and significant consumers’ losses market. aim study is develop strategic directions state policy consumer protection services market considering best world practices features system Ukraine.
 System scientific analysis was used possibilities implementing international quality standards for U...

The goal of zero latency in financial services has caused the creation of entirely new industries, products, and career paths as well as volumes of data, analysis, and opinion. The degree to which speed in market-data delivery, trading algorithms, and transactions influences profit cannot be overemphasized and is the motivation behind many financial firms’ obsession with low latency. Every aspe...

At the beginning of the new millennium, the financial services market is experiencing a fundamental shift. More transparent and global markets through new means of communication on the one hand and better informed and more demanding customers on the other hand have led to a dramatically intensified competition. One way to circumvent cost-leadership competition is to offer individualized financi...

The large volume of time-varying quantitative and qualitative data available online is needed in a realistic simulation in theoretical econometrics from an academic perspective. And the analysis of such data is strategically important for trading in the financial markets. A distributed environment has been created that offers two services – time-serial and news analysis – using Globus and Java ...